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| Jackie Orcutt |
PHOENIX, AZ, Jan. 6, 2025 – JLL Capital Markets announced today the sale of Tempe Commerce Park, a five-building industrial complex totaling 536,122 square feet in Tempe, Arizona.
JLL represented the seller, a global investment manager
and BKM, in the sale to LaSalle Investment Management (LaSalle).
 |
| Connor Nebeker-Hay |
The complex is 92% leased to eight diverse tenants, including McKesson, Genuine Cable Group and Rivian.
Located at 7340-7360 S. Kyrene Rd. and 7333-7343 S. Hardy
Dr., Tempe Commerce Park benefits from its position in one
of Metro Phoenix's most sought-after submarkets.
The location offers
excellent accessibility, being just one mile from the I-10 freeway and 2.6
miles from US-60, providing convenient access to the greater Phoenix Metro
area.
 |
| Mark Detmer |
JLL Capital Markets team was led by Senior Managing
Director Mark Detmer, Senior Director Greer Oliver and Associate Connor
Nebeker-Hay. The local market leasing efforts were handled by CBRE's Senior
Vice President Jackie Orcutt and First Vice President Jonathan Teeter.
"Tempe Commerce Park represents a unique opportunity in one of Phoenix's most dynamic submarkets," said Detmer.
"With its strategic location, diverse tenant mix and recent improvements, this property is well-positioned to capitalize on the robust industrial demand in the region. The investment by LaSalle underscores the continued strength and appeal of the Phoenix industrial market."
 |
| Greer Oliver |
The firm's in-depth local
market and global investor knowledge delivers the best-in-class solutions for
clients — whether investment sales and advisory, debt advisory, equity advisory
or a recapitalization.
 |
| Jonathan Teeter |
For more news, videos, and research resources, please
visit JLL’s newsroom.
About BKM Capital Partners
BKM Capital Partners is a proven real estate fund manager
and operator focused exclusively on investing in small and mid-bay light
industrial properties in the Western United States.
Headquartered in Newport
Beach, CA, with over 100 employees in 13 offices, BKM implements a value-add
strategy targeting under-managed and under-capitalized assets.
The team has invested over
$4.5 billion in more than 120 small and mid-bay light industrial properties
since 2013. Its approach includes the acquisition, refurbishment,
repositioning, and active management of these industrial properties to drive
NOI growth and generate a strong IRR and multiple on invested equity.
BKM’s foundation is built
upon Focus, Operational Excellence, Technology, and Client Service.
CONTACT:
Grace Lewis
bkmcp.com
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